Total 15 Posts

South African FinTech startup simplifies online invoice payments

South African FinTech startup, walletdoc, has announced a new method in which businesses can collect payments via their invoices and statements sent to customers. The new method as announced by walletdoc, involves using easy and secure online credit and debit card payments on invoices and statements. β€œConsumers are cash-strapped and

New low cost investment app launched in South Africa

A new low cost investment app and platform has been launched in South Africa. Named Franc, it is inspired by the stokvel model - South Africa's popular way for a group of people to save and invest. Franc, which is founded by Dr. Thomas Brennan who is the ex-head of

4 InsurTech trends to look out for in South Africa

One of the hottest trends in South African FinTech in 2018 is InsurTech. InsurTech has gained momentum over the last two years in South Africa. It was initially seen as a major threat by insurance companies, but now insurers are taking a far more proactive approach to seize opportunities in

South Africa has the potential to be Afrika's FinTech centre of excellence

South Africa has been reported to have the potential of becoming a FinTech centre of excellence in Afrika. This is according to some experts and professionals in South Africa's financial services industry. Some of these sentiments expressed are as a result of the South African Reserve Bank establishing a FinTech

South African FinTech in 2018

FinTech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018 and I make some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode, a Rand Merchant Investments club for

Bitcoin Platform Luno Raises $9 Million In Series B Funding Round To Expand Globally

South African FinTech startup, Luno, has announced that it has concluded its Series B fundraising round after receiving approximately $9 million (R120 million) from investors. its expansion into 35 new markets across Europe, The round was led by London-based Balderton Capital. Luno currently has offices in London, Singapore and Cape

South Africa's AlphaCode Participates In FinTech Platform Prodigy Finance's Series C Equity Financing Round

AlphaCode, the FinTech investment arm of South Africa's Rand Merchant Investment Holdings, has participated in Prodigy Finance's Series C equity financing round of $40 million (R532 million). The Series C round was led by venture capital firm Index Ventures. Prodigy Finance is a lending platform that provides loans to postgraduate